Vivopower International Plc Stock Price, News & Analysis

VivoPower International (Nasdaq: VVPR) has announced progress on two significant transactions. The company has successfully negotiated an increased non-binding takeover offer from Energi Holdings , raising the enterprise valuation from US$120 million to US$180 million, subject to due diligence and exclusivity period. The parties aim to complete the due diligence process within an 8-week timeframe.

Simultaneously, VivoPower is advancing its Tembo business combination agreement with Cactus Acquisition 1 (CCTS), valued at a combined enterprise value of US$904 million, assuming no public trust redemptions. The company plans to file an F-4 registration statement with the SEC in April 2025 regarding this combination. Updates on potential Tembo dividend share entitlements for VivoPower shareholders will be announced later.

VivoPower International PLC (Nasdaq: VVPR) has granted an 8-week exclusivity period to Energi Holdings for due diligence, following an increased non-binding all-cash takeover proposal. The offer's enterprise value has been raised from US$120 million to US$180 million for all non-affiliated free float shares.

Energi, an Abu Dhabi-based energy solutions company founded in 2014, generates US$1 billion in revenues and operates across the Middle East, Africa, South Asia, Europe, and Southeast Asia. VivoPower's board has formed a subcommittee with a majority of independent directors to evaluate this unsolicited takeover proposal and will provide timely market updates.

VivoPower International PLC (Nasdaq: VVPR) has announced it is in advanced bilateral negotiations regarding an unsolicited takeover proposal from Energi Holdings , an Abu Dhabi-based energy solutions company. The proposed all-cash offer values VivoPower at an enterprise value of US$120 million and targets all non-affiliated free float shares.

Energi, established in 2014, generates US$1 billion in revenues and maintains offices across the Middle East, Africa, South Asia, Europe, and Southeast Asia. The negotiations between VivoPower's board and Energi are expected to conclude by April 2, 2025, with terms, conditions, and final pricing subject to due diligence.

VivoPower International PLC (Nasdaq: VVPR) has received an unsolicited non-binding takeover proposal from Energi Holdings , an Abu Dhabi-based energy solutions company. The proposal details an all-cash offer for all non-affiliated free float shares at an enterprise value of US$120 million, subject to due diligence.

Energi, established in 2014, generates US$1 Billion in revenues and operates across the Middle East, Africa, South Asia, Europe, and Southeast Asia. The takeover proposal is not hostile, and VivoPower's board is currently reviewing the offer with its advisors, with a market update pending.

Tembo E-LV, a subsidiary of VivoPower International PLC (Nasdaq: VVPR), is progressing towards closing its Business Combination Agreement with CCTS (Cactus Acquisition Corp. 1 ) by Q2 2025. The deal, originally announced in August 2024, values the combined enterprise at US$904 million, assuming no public trust redemptions.

The transaction's timeline was extended beyond the initial end of 2024 target due to new SPAC regulations, requiring a review of the transaction structure. The parties are now finalizing the Form F-4 registration statement for SEC filing. The closing remains subject to various conditions, including SEC review completion and CCTS shareholder approval.

The agreement follows due diligence and receipt of an independent fairness opinion. Post-combination, the newly formed Tembo Group plans to list its securities on Nasdaq.

VivoPower International (Nasdaq: VVPR) has announced plans to spin off its subsidiary Caret Digital through a direct listing on Nasdaq. The company will distribute 5 Caret Digital shares for each VivoPower share held, with an implied market capitalization of $250 million (subject to market conditions).

Caret Digital plans to focus on Dogecoin (DOGE) mining with Bitcoin (BTC) conversion strategy to optimize returns. The company aims to raise $10 million from strategic investors to support growth plans. The spin-off decision, previously approved by shareholders in December 2023, was chosen over a reverse merger for cost efficiency and timeline advantages.

The transaction's completion remains subject to market conditions, with no firm guarantees of consummation under the current terms.

VivoPower International (Nasdaq: VVPR) announced that its subsidiary, Tembo e-LV, has signed a Definitive Heads of Agreement with Associated Vehicle Assemblers (AVA), East Africa's leading vehicle assembler. The 5-year agreement targets 200 vehicle conversions in the first year and 1,600 over five years across Kenya, Tanzania, and other East African nations.

AVA will distribute and locally assemble Tembo's 100% electric utility vehicle solutions, providing local maintenance and support capabilities. The partnership aims to serve various sectors including mining, agriculture, energy, safari, NGO, defence, and government. AVA's facilities can assemble 30,000 vehicles annually and currently work with major OEMs like Toyota, Fuso, and Volvo.

The agreement complements Tembo's existing partnership with ETC Group in Kenya and supports the region's transition to sustainable transportation. Tembo's next-generation EUV25 electric conversion kits feature reduced pricing due to supply chain improvements, leading to increased market interest.

VivoPower International (VVPR) has announced the activation and extension of its stock buyback program worth up to US$5 million of outstanding ordinary shares. The program, initially announced in April 2024, has been extended by 15 months to June 30, 2026.

The Board of Directors has authorized this capital management strategy, which will be funded through surplus cash receipts and proceeds from business and asset divestitures, including spin-offs and carve-outs. No shares have been repurchased under the program to date.

The company maintains flexibility in the program's execution, with repurchases subject to market conditions, legal requirements, shareholder approval, and other considerations. Purchases may be made through open market or private transactions, including under Rule 10b5-1 plans.

VivoPower International (VVPR) has announced the activation and extension of its stock buyback program worth up to US$5 million of the company's outstanding ordinary shares. The program, initially announced in April 2024, has been extended by the Board of Directors for an additional 12 months until April 3, 2026.

The buyback will be funded through surplus cash receipts and proceeds from business and asset divestitures, including spin-offs and carve-outs. No shares have been repurchased under the program to date. The company maintains flexibility to suspend, terminate, amend, or modify the program without prior notice.

Repurchases will be executed through open market or private transactions, including under Rule 10b5-1 plans, subject to market conditions, legal requirements, shareholder approval, distributable profits availability, and other financial considerations.